Chapter $6$ Homework

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Periodic inventory by three methods

The beginning inventory at Midnight Supplies and data on purchases and sales for a three$-$month period ending March $31$ are as follows:

$\backslash$table$[[$Number$],[$Date Transaction,of Units,Per Unit,Total$],[$Jan$.1$ Inventory,$9,000,$$$60\mathrm{.}00,$$$540,000],[$Jan$.10$ Purchase,$21,000,70\mathrm{.}00,1,470,000],[$Jan$.28$ Sale,$10,250,140\mathrm{.}00,1,435,000],[$Jan$.30$ Sale,$5,750,140\mathrm{.}00,805,000],[$Feb$.5$ Sale,$3,500,140\mathrm{.}00,490,000],[$Feb$.10$ Purchase,$39,500,75\mathrm{.}00,2,062,500],[$Feb$.16$ Sale,$15,000,150\mathrm{.}00,2,250,000],[$Feb$.28$ Sale,$10,000,150\mathrm{.}00,1,500,000],[$Mar$.5$ Purchase,$25,000,82\mathrm{.}00,2,050,000],[$Mar$.14$ Sale,$30,000,150\mathrm{.}00,4,500,000],[$Mar$.25$ Purchase,$10\mathrm{.}000,88\mathrm{.}40,884,000],[$Mar$.30$ Sale,$19,000,150\mathrm{.}00,2,850,000]]$

Determine the inventory on March $31$ and the cost of goods sold for the three$-$month period, using the first$-$in$,$ first$-$out method and the periodic inventory system.

Inventory, March $31$

Cost of goods sold s f

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$(2)$

$84$F Sumy